@APompliano@jvisserlabs To begin I love you guys and your weekly show together + Jordies youtube videos but ive been trying to wrap my head around how the debasement trade is not counterintuitive to the deflation narrative- would you please explain?
“Everybody’s profiting.” -President Trump
Except the people who bought his coins...
Trump family crypto earnings: $1.4 billion
$TRUMP meme coin: -98%
$MELANIA meme coin: -99%
Perhaps the most blatant example of corruption in the history of American politics.
Wally Funk waited 60 years to get to space, and no one ever earned it more. She trained with the Mercury 13 in 1961, out-tested the men, and was told no anyway. She never stopped flying — 19,600 hours, thousands of students, a lifetime of firsts.
Five years ago this month, I had the honor of flying with her on New Shepard's first crewed flight. At 82, she was fearless, joyful, and asking to go again before we’d even landed.
Her dream took six decades, but it came true. Dreams have no expiration date. Godspeed, Wally.
Figure is going live around 11am PT today with an 8-hour livestream of our robots running at human speeds
This will be fully autonomous on Helix-02 w/ zero human intervention
The robots will work together to keep operations running nonstop
I’ll share the link soon
@drterrysimpson I follow you on here because I appreciate you calling out all the BS but surface contact… can you elaborate? Im under the impression blood, semen/bodily fluid is the primary transmission vehicle none of which i see as high risk for an infant under normal circumstances
@garyblack00@garyblack00 do you think $ is better spent marketing the tesla car vs buildout/fine tuning of optimus? Isnt that the long term strategy with tesla? Imo marketing dollars going towards a marginal increase in auto sales is less important than getting optimus out to consumers ASAP
53 banking associations just wrote themselves a $6.6 trillion protection bill.
They called it the CLARITY Act.
Here is what they do not want you to understand.
Banks pay depositors 0.1% interest. Stablecoin issuers hold Treasury bills earning 4.5%. If stablecoins could pass that yield to users, banks lose the deposit war. They cannot compete. The math is fatal.
So they made competition illegal.
The Kansas City Fed calculated what happens if stablecoins pay competitive rates. Banks lose 25.9% of deposits. $1.5 trillion in lending capacity vanishes. The entire community banking model collapses.
Their solution was not innovation. Their solution was legislation.
The CLARITY Act everyone is celebrating contains Section 404 prohibiting yield payments through any mechanism. Not just from issuers. From exchanges. From affiliates. From partners. Every single pathway to competitive returns, closed by statute.
Brian Armstrong reviewed the 278-page draft for 48 hours. He withdrew Coinbase support at 11pm. The markup was postponed by morning. He saw what Wall Street analysts missed entirely.
This is not crypto regulation.
This is Dodd-Frank for digital assets. Incumbents writing rules that crush competitors. Regulatory capture so brazen they published the lobbying letters on their own websites.
The American Bankers Association. 52 state banking associations. The Community Bankers Council. All coordinating to eliminate an industry they cannot beat in open markets.
Meanwhile China made e-CNY interest-bearing on December 29.
America is banning stablecoin yield while Beijing is paying it.
The crypto industry spent years begging for regulatory clarity.
They got it.
Clarity that $6.6 trillion in deposits will be protected at any cost. Clarity that banks write the rules. Clarity that if you cannot win in markets, you win in Congress.
This is the largest regulatory capture event in American financial history.
And it is being sold as innovation policy.